PRG Holdings Berhad Annual Report 2017

• Annual Report 2017 79 Group Company Note 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax 15,777 5,932 35,593 12,167 Adjustments for: Amortisation of intangible assets 8 81 81 - - Depreciation of property, plant and equipment 7 4,947 4,754 56 124 Fair value adjustments on loans to subsidiaries - - (109) (120) Inventories written down 16 191 587 - - Impairment losses on trade receivables 13(a) 38 15 - - Finance costs 1,420 1,420 7 45 Net gain on disposals of: - property, plant and equipment (876) (134) (57) (16) - subsidiaries 9 (6,827) - (5,235) - Dividend income from subsidiaries 24 - - (26,594) (10,505) Interest income (258) (173) (2,527) (2,377) Property, plant and equipment written off 7 6 - - - Intangible assets written off 8 * - - - Reversal of inventories written down 16 (111) (63) - - Reversal of impairment losses on: - trade receivables 13(a) (10) - - - - investments in subsidiaries 9(d)(i) - - (2,545) - Share of losses of associates, net of tax 10 323 - - - Share of profit of a joint venture, net of tax 11 (282) (215) - - Net unrealised loss/(gain) on foreign exchange 561 (450) * (187) Operating profit/(loss) before changes in working capital 14,980 11,754 (1,411) (869) Increase in inventories (2,152) (1,846) - - Increase in property development costs (9,361) (8,073) - - (Increase)/Decrease in trade and other receivables (60,517) (6,588) 7 16 Increase/(Decrease) in trade and other payables 81,829 39,695 (949) 977 Cash generated from/(used in) operations 24,779 34,942 (2,353) 124 Tax refunded 67 495 4 - Tax paid (6,103) (2,220) (2) (2) Net cash from/(used in) operating activities 18,743 33,217 (2,351) 122 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017